2021 Environmental Social & Governance Report
DIVERSITY EQUITY AND INCLUSION
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jpmc-esg-report-2021
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DIVERSITY EQUITY AND INCLUSION
• 2021 Top Corporations for Women's Business Enter- prises, Women's Business Enterprise National Council • Best employer list for people with disabilities, CAREERS & the disABLED magazine • JPMorgan Chase recognized as top LGBT+ workplace, Out & Equal Outie Award • Best Companies for Latinos to Work 2021, Latino Leaders HUMAN CAPITAL • World's Most Admired Companies, Fortune • Top Companies 2021, LinkedIn • Deployed or committed more than $18 billion toward our five-year $30 billion Racial Equity Commitment • Deployed or committed over $450 million in philanthropic capital globally, of which over $345 million was in grant capital and over $105 million in loan and equity capital • Opened 10 new Community Center Branches, which offer resources for communities that have lacked access to traditional banking, and hired more than 100 Community Managers • Launched Morgan Health, a new business unit focused on improving the quality, efficiency and equity of employer-sponsored healthcare • Launched three new Diversity, Equity and Inclusion Centers of Excellence: Advancing Hispanics and Latinos, the Office of Asian and Pacific Islander Affairs and the Office of LGBT+ Affairs 20 Our Commitment to Racial Equity • Increasing homeownership • Expanding affordable rental housing and support for vital community institutions • Growing small businesses • Spending more with Black, Hispanic and Latino suppliers • Improving financial health and access to banking • Investing in Minority Depository Institutions and Community Development Financial Institutions • Accelerating investment in employees and building a more diverse and inclusive Workforce By the end of 2021, we had committed or deployed more than $18 billion toward our $30 billion goal. This was largely driven by affordable rental housing preservation and homeownership refinance – areas where we had existing products and processes and could take prompt action to further our efforts. The Firm is building the infrastructure and foundation to make progress on its commitment – and we are taking a thoughtful approach to building long-term, sustainable infrastructure to enable our Firm to accelerate progress and reach more people going forward. There is work still to do – and we know that our dedication to racial equity will extend well beyond the five-year milestone in 2025. We are committed to updating our stakeholders on our progress. FEATURE Structural barriers in the U.S. have created profound racial inequities, which have contributed to a marked and persistent racial wealth gap. These and other inequities are the motivation behind JPMorgan Chase’s $30 billion commitment to help close the racial wealth gap among Black, Hispanic and Latino communities. Informed by data and insights that highlight the challenges and point the way to effective solutions, we are leveraging our resources as a financial institution to direct capital and expand opportunities for Black, Hispanic and Latino communities to build, sustain and pass on wealth. Our five-year commitment, announced in October 2020, brings together our business, policy, data and philanthropic expertise to advance racial equity and promote inclusive growth. It includes lending, equity and philanthropic capital, targeted in key areas: 21 INTRODUCTION ENVIRONMENTAL SOCIAL Feature: Our Commitment to Racial Equity Diversity, Equity & Inclusion Human Capital Inclusive Growth GOVERNANCE ESG REPORT APPENDICES What We Accomplished So Far 11 11 A note on terminology: All updates related to the Racial Equity Commitment noted below are focused on Black, Hispanic and Latino households, customers, clients and/or communities and that is not restated for each metric. The homeownership and small business goals are incremental units and dollars above an annual baseline that is benchmarked to 2019 business results. Our 2025 Commitment Progress through December 31, 2021 Download 6.87 Mb. Do'stlaringiz bilan baham: |
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